SINOLINK SECURITIES(SH:600109) Xin Lang Cai Jing·2025-09-09 07:42Company Overview - Chengdu Ridi Intelligent Drive Technology Co., Ltd. is set to be listed on the Shenzhen Stock Exchange's ChiNext board on May 13, 2024, after its IPO application on June 10, 2022 [1][1]. - The company operates in the general equipment manufacturing industry and is sponsored by Guojin Securities [1]. IPO Details - The underwriting and sponsorship fees for the IPO amount to 34.9449 million yuan, with a commission rate of 9.78%, which is higher than the industry average of 7.71% [1]. - The company’s issuance price-to-earnings (P/E) ratio is 15.65 times, significantly lower than the industry average of 26.43 times, representing 59.21% of the industry mean [1]. Market Performance - On the first day of trading, the stock price increased by 167.79% compared to the issuance price [1]. - Over the first three months post-listing, the stock price rose by 168.36% from the issuance price [1]. Financial Performance - For the year 2024, the company reported a revenue increase of 5.24% year-on-year, with a net profit attributable to shareholders growing by 4.46%, and a non-recurring net profit increase of 3.08% year-on-year [1]. Issuance and Subscription Metrics - The actual fundraising amount is 357 million yuan, matching the expected amount [1]. - The abandonment rate for the IPO is 0.53% [1]. Evaluation and Scoring - The overall score for Ridi Intelligent Drive's IPO project is 84 points, classified as B grade. Negative factors affecting the score include the need for improved information disclosure, a listing cycle exceeding two years, a high issuance cost rate, and an abandonment rate of 0.53% [1].